Epocket Guide

Top Menu

  • Drop Us Email

Main Menu

  • Home
  • Credit
  • Finance
  • Investment
  • Loan
  • Money Saving
  • Mortgage
  • Trading
  • Drop Us Email

logo

Epocket Guide

  • Home
  • Credit
  • Finance
  • Investment
  • Loan
  • Money Saving
  • Mortgage
  • Trading
Money Saving
Home›Money Saving›4 Tips for Using Checks and Money Orders Safely

4 Tips for Using Checks and Money Orders Safely

By Joshua Freddie
June 6, 2019
1158
0
Share:

You can protect yourself and your finances from scammers just by learning how money orders and paper checks work and then employing strategies that will thwart scammers. The goal of this post is to get you pointed in the right direction.

To that end, here are four tips for using checks and money orders safely:

1. Don’t Leave Them in Your Mailbox

Do you write checks and then leave them in your mailbox with the outgoing mail? If you do, stop. What was once a safe practice, is now quite dangerous. Leaving checks in your outgoing mail is an open invitation to identity theft.

You may think a check written to a business is useless to a thief. It is not. The thief doesn’t want the check itself, he or she only wants the information found on it. Remember that your personal check contains your name, address, bank account number, and routing number.

Instead, should you need to pay a bill, you can take care of that online either by providing your bank routing and account number to the biller itself or you can use third party billers or companies like MoneyGram if there is no online payment option available.

2. Don’t Use Exterior Drop Boxes

Car repair shops, apartment complexes, and other businesses are known to use exterior drop boxes for making after hours payments. Yet they are as dangerous as checks in your mailbox. All it takes is a creative thief to pull checks and money orders out of the box. Then they have your personal information.

3. Don’t Trade Money Orders for Cash

Over the years there have been a number of scams involving perpetrators contacting victims and asking them to exchange money orders for cash. The victim receives money orders in the mail and is expected to convert them to cash or checks sent to the perpetrator. It’s not until days later that the victim discovers the money orders are fraudulent.

Anyone willing to trade money orders for cash could just as easily go cash the money orders himself or herself. Any such offer is probably a scam, so don’t fall for it.

4. Cash Money Orders Right Away

If you receive a money order for a legitimate purpose, don’t hang onto it forever. Cash it as quickly as you can – preferably through the same entity that issued it. If you get a Western Union Money order for example, go to your nearest Western Union store and cash it. Cashing money orders right away reduces the risk of being ripped off by a scam.

Checks and money orders are good tools for spending money. If you use them regularly, do so wisely and responsibly. Do everything you can to protect yourself. Otherwise, you may find yourself being scammed.

Previous Article

The Importance of Checking the History of ...

Next Article

Does A Payday Loan Affect My Credit ...

Share:

Related articles More from author

  • Money Saving

    Do you know about the impressive features of PayNow?

    March 9, 2021
    By Joshua Freddie
  • Money Saving

    Worthwhile Tips – Why You need to Cut Costs

    May 19, 2018
    By Joshua Freddie
  • Money Saving

    So What Can Worthwhile Experts Educate You?

    August 7, 2018
    By Joshua Freddie
  • Money Saving

    Useful Strategies – Cigarette Smoking Of Saving

    July 10, 2018
    By Joshua Freddie
  • Money Saving

    Fast Money Saving Strategies for Youthful Professionals

    August 25, 2018
    By Joshua Freddie
  • Money Saving

    Worthwhile Techniques – How to save cash Fast

    August 20, 2018
    By Joshua Freddie

Comments are closed.

  • Loan

    Guaranteed Loans Aren’t For Everyone

  • Finance

    Financial Statements: Things You Need to Know

  • Finance

    A beginners’ guide to forex copy trading in the UK

  • Recent

  • Popular

  • Comments

  • 3 Financial Consideration To Think About Before Selling Your Home

    By Joshua Freddie
    January 18, 2023
  • A beginners’ guide to forex copy trading in the UK

    By Joshua Freddie
    December 27, 2022
  • 3 Tips for Investing in Small Businesses

    By Joshua Freddie
    August 17, 2022
  • Classifications of technical indicators for options trading

    By Joshua Freddie
    June 12, 2022
  • Can I alternate CFDs without leverage?

    By Joshua Freddie
    April 2, 2022
  • 3 Financial Consideration To Think About Before Selling Your Home

    By Joshua Freddie
    January 18, 2023
  • Rebuild Your Credit The Proper Way

    By Joshua Freddie
    January 19, 2018
  • Place Your Existence Back in line by Rebuilding Your Credit

    By Joshua Freddie
    January 29, 2018
  • Credit Improvement – A Real Possibility for Individuals With Poor Credit Scores

    By Joshua Freddie
    February 9, 2018
  • Poor Credit Cleanup – How you can Eliminate Bad Debt Using Effective Credit Improvement Methods

    By Joshua Freddie
    February 19, 2018

Archives

  • January 2023
  • December 2022
  • August 2022
  • June 2022
  • April 2022
  • March 2022
  • December 2021
  • November 2021
  • October 2021
  • September 2021
  • August 2021
  • June 2021
  • May 2021
  • April 2021
  • March 2021
  • February 2021
  • January 2021
  • December 2020
  • November 2020
  • October 2020
  • September 2020
  • July 2020
  • April 2020
  • December 2019
  • November 2019
  • October 2019
  • August 2019
  • July 2019
  • June 2019
  • May 2019
  • April 2019
  • March 2019
  • January 2019
  • November 2018
  • September 2018
  • August 2018
  • July 2018
  • June 2018
  • May 2018
  • April 2018
  • March 2018
  • February 2018
  • January 2018

Recent Posts

  • 3 Financial Consideration To Think About Before Selling Your Home
  • A beginners’ guide to forex copy trading in the UK
  • 3 Tips for Investing in Small Businesses
  • Classifications of technical indicators for options trading
  • Can I alternate CFDs without leverage?
January 2023
M T W T F S S
 1
2345678
9101112131415
16171819202122
23242526272829
3031  
« Dec    
  • Home
  • Credit
  • Finance
  • Investment
  • Loan
  • Money Saving
  • Mortgage
  • Trading
© 2022- Epocket Guide. All Rights Reserved.